latest Market News

China may be sitting on a huge pile of raw cotton, but prefers to import higher quantities of cotton yarn from countries, like India, this year, owing to rising wage costs back home that has led the country to gradually move away from labour-intensive sectors, including spinning and ginning.   This will translate to 40 per cent increase in cotton yarn exports from India, mainly to China in the current crop season ending September 2013,...

  • Posted on : Friday , 25th January 2013
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The Peruvian citrus industry is expecting an 11% export rise to 100,000 metric tons (MT) in 2013 thanks to new mandarin plantations growing in maturity, website Agraria.pe reported. roCitrus general manager Sergio del Castillo Valderrama told the publication while shipments would be on the rise, the hybrid variety Tangelo Minneola had presented serious problems for the industry.   He recommended growers to not continue growing the...

  • Posted on : Friday , 25th January 2013
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SURAT: Following weak demand from the overseas market, including the US, China, Europe and Japan, the polished diamond export from India has plunged to its lowest at 37 per cent in December 2012. Industry sources said the annual polished diamond export is set to decrease by $2 billion to $3 billion in 2012-13.   As per the statistics published by the Gems and Jewellery Export Promotion Council ( GJEPC), the export of polished diamonds in...

  • Posted on : Tuesday , 22nd January 2013
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Grape exports are lower than had been hoped and, according to the Maharashtra horticultural department, this is due to the growers' preference for the domestic market.   The department says that many growers prefer the domestic market as they can be assured of fast payments, even though prices can be lower. They are concerned about such things as their export produce being rejected, as it was a few years ago by the European Union, leading...

  • Posted on : Tuesday , 22nd January 2013
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NEW DELHI: India's wheat exports are poised to rise to a record 9.5 million tonne in the current fiscal year as the government is keen to ship out 5 million tonne from official stocks to make space for the bumper harvest.   Top officials said private firms would also be allowed for the first time to draw from government stocks to speed up exports as official agencies need to quickly make arrangements for the new harvest and official...

  • Posted on : Tuesday , 22nd January 2013
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